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Analyst upgrades, downgrades and initiations: VPRT, EV, HPT, NRG, GTE, BNHNA, VAR, ITRI and FARO

Analyst upgrades:

  • Citigroup upgraded Vistaprint (VPRT) to buy from hold on valuation following the recent pullback in shares. The firm also raised its price target on the stock to $62 from $55.
  • Fox-Pitt upgraded Eaton Vance (EV) to outperform from in line citing strong fundamentals. The firm raised its target to $36 from $34.
  • Stifel Nicolaus upgraded Hospitality Properties (HPT) to buy from hold citing valuation and expected cash dividend in 2010. The firm has a $22 target on the stock.
  • The Advisory Board (ABCO) was upgraded to overweight from equal weight at First Analysis.
  • Technip (TKPPY) was upgraded to outperform from neutral at Credit Suisse.
  • Jefferies upgraded Energy XXI (EXXI) to hold from underperform and raised its target to $2 from $1.

Continue reading Analyst upgrades, downgrades and initiations: VPRT, EV, HPT, NRG, GTE, BNHNA, VAR, ITRI and FARO

Earnings highlights: Lehman, UBS, Krispy Kreme, Pepsico, Pep Boys and others

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Lehman, UBS, Krispy Kreme, Pepsico, Pep Boys and others

Benihana, Smith & Wesson report lower Q4 earnings

Both Japanese restaurant chain Benihana Inc. (NASDAQ: BNHN) and gun maker Smith & Wesson Holding Corp. (NASDAQ: SWHC) on Thursday said that their profits fell in their fiscal fourth-quarters. Shares of the former fell Friday by more than 11%, while shares of the latter rose nearly 6%.

Miami-based Benihana's fourth-quarter net income fell 30% from the year-ago quarter to $2.7 million, or 17 cents per share percent, due to the difficult environment for restaurants. Revenue for the quarter ended March 30 fell 2% to $70.2 million, and same-store sales fell 2.2%.

Analysts polled by Thomson Financial had expected a profit of 15 cents per share on revenue of $70.8 million.

For the fiscal year, earnings fell 13% to $11.7 million, or 75 cents per share, and revenue rose 9% to $296.9 million.

Shares of Benihana fell to a 52-week low of $6.69 on Friday before closing at $6.97. Shares are down 44.7% year to date.

Continue reading Benihana, Smith & Wesson report lower Q4 earnings

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 11:26 PM

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